Faropoint Acquires Six Warehouses in Dallas-Fort Worth Metro For $59M

by Taylor Williams

HOBOKEN, N.J. — Faropoint, an investment firm based in Northern New Jersey, has acquired six warehouses totaling approximately 550,000 square feet that are located throughout the Dallas-Fort Worth metroplex. The aggregate sales price was $59 million. The properties range in size from 40,116 to 245,300 square feet and were all fully leased at the time of sale. Cushman & Wakefield, Citadel Partners, Finial Group, Mercer Co. and Stream Realty Partners represented the various sellers of the properties, all of which were private investment groups that requested anonymity.

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